Business Highlights
___ US stocks fall on mixed earnings, trade tensions; oil slumps U.S. stocks closed lower Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade spat between the U.S. and China.
How major US stock indexes fared Wednesday
Stocks ended lower on Wall Street Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade dispute between the U.S. and China.
Target soars while Qualcomm plunges
Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $5.60 to $77.56
Markets Right Now: Stocks fall as energy, retail stocks drop
The latest on developments in financial markets (all times local): 9:35 a.m.
Trump tariffs would be catastrophic for footwear industry: Footwear Distributors and Retailers of America CEO
U.S. family could spend an extra $131.93 on footwear annually should the proposed tariff increase take effect.
US, China appear to brace for long haul in trade dispute
China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies.
Worst product failures, from Coca-Cola’s New Coke to Microsoft's Zune
Not every product created is a good idea.
Lowe's shares fall 10% on earnings miss
Lowe's Cos. (LOW) on Wednesday reported fiscal first-quarter earnings of $1.05 billion.
Footwear Distributors and Retailers CEO: We don't take for granted that tariffs will be short term
Trade war fears linger as Mnuchin says China talks have gone backwards
Retail industry chasm resumes after blockbuster 2018
The retail industry surged in 2018, but the trends diminishing sales at some top companies are re-emerging.
Philip Morris COO: We are absolutely 100 percent moving away from combustible tobacco
Philip Morris COO: If you don't smoke don't start
Here’s when all Payless stores are closing
Payless ShoeSource announced in February it was shuttering nearly 2,600 stores in the U.S. and Canada — and only a few will still be open until the end of June.
Nordstrom cuts annual sales forecast as stock tumbles
Nordstrom’s reported fiscal first-quarter profit Tuesday that missed Wall Street analysts’ expectations.
Urban Outfitters launches clothing rental service
Urban Outfitters' new rental service
The tariff threat to US retail
Tariff threat to retail
Families may shell out $500 more a year for shoes because of tariffs, retail analyst says
U.S. consumers may suffer if tariffs are added on footwear and clothing.
Target shares pop as in-store, online sales fuel 1Q earnings beat
Profits in the quarter were $795 million, while revenue grew to $17.6 billion.
Pricey engagement rings a no-go for younger Americans
About one-quarter of young Americans said they don't ever plan on getting married.
Apple expands MacBook keyboard repair program, updates design amid user backlash
The company said the keyboard issues have only surfaced in “a small percentage” of MacBooks.
Plan to create special pot banks moves forward in California
Shut out of the traditional banking system by federal laws, the country's largest legal marijuana market in California could benefit if the state approves a measure creating a special class of banks to handle pot money.